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Asia Pacific Analog Servo Motors and Drives Market Size

Report ID: GMI11733
Published Date: Oct 2024
Report Format: PDF

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Asia Pacific Analog Servo Motors and Drives Market Size

Asia Pacific analog servo motors and drives market size was estimated at USD 4.6 billion in 2023 and is set to attain at a growth rate of 6.3% from 2024 to 2032. Increasing integration of automation and robotics technologies across industrial operations, coupled with rising investments in research and development activities, is contributing to industry growth.

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Rising demand for products that can seamlessly integrate into manufacturing processes, requiring high precision and reliability in operations where tight control over speed and position is critical. Additionally, growing focus on improving overall energy efficiency with cost-effective alternatives to other technologies will augment the industry landscape.

Asia Pacific Analog Servo Motors and Drives Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Analog Servo Motors and Drives Market Size in 2023:	USD 4.6 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6.3%
2024 – 2032 Value Projection:	USD 8 Billion
Historical Data for:	2021 – 2023
No. of Pages:	80
Tables, Charts & Figures:	12
Segments covered:	Drive, Application and Country
Growth Drivers:	Growing inclination towards industrial automation and integration of advanced robotics solutions Rapid rate of industrialization and increasing investments across energy-intensive industrial operations
Pitfalls & Challenges:	Availability of other servo technologies

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Rising investments in infrastructure development have driven demand for advanced motor control systems along with stringent emission regulations across industrial operations will complement the business landscape. For instance, in May 2024, Australia developed its Net Zero Plan, focusing on an ambitious 2035 emissions target. Influenced by global trade trends, technological advancements, and domestic industry growth, the 2035 target is a crucial step towards Australia's 2050 net zero goal, aligning with global climate efforts.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The Asia Pacific analog servo motors and drives industry was valued at USD 4.6 billion in 2023 and is projected to grow at a 6.3% CAGR from 2024 to 2032, driven by the increasing integration of automation and robotics technologies in industrial operations.

The AC drives segment is anticipated to exceed USD 5.7 billion by 2032, fueled by the rising demand for AC motor systems due to widespread industrial automation and the introduction of Industry 4.0.

China analog servo motors and drives market is set to surpass USD 3.3 billion by 2032, driven by rapid industrial infrastructure growth, smart technology implementation, and increased adoption of robotics and automation.

Key players in the industry include ABB, Advanced Motion Controls, Applied Motion Products, Bosch Rexroth, Changzhou Fulling Motor, Danfoss, Delta Electronics, ESI Motion, Fuji Electric, Hitachi Industrial Equipment Systems, Mitsubishi Electric, Nidec Motor, and Omron.